How to get rid of high interest debts using the debt avalanche method

The idea behind the debt avalanche method is that paying off high interest debts first will save money on interest charges over time.

Choosing between the debt snowball method and the debt avalanche method

The choice between the debt snowball method and the debt avalanche method depends on your financial goals, needs and circumstances.The debt avalanche method prioritizes high interest debts the debt snowball method pays debts from the smallest to the largest.